Teoria, Prática e Crítica das Análises de Meta-regressão em Economia e Gestão
Abstract
RESUMO
Proposta: Este trabalho tem como objetivo apresentar e descrever os principais modelos de meta-regressão disponíveis.
Metodologia: Efetuámos uma revisão da literatura que, partindo da descrição dos modelos supramencionados, passou pela apresentação das respetivas especificidades no contexto da investigação empírica em economia, gestão e finanças, e culminou na discussão das suas principais limitações.
Originalidade/Valor: De uma forma sucinta mas rigorosa, damos indicações precisas para a implementação prática deste expediente analítico no contexto da economia, gestão e finanças.
Palavras-chave: Meta-regressão; Meta-análise; Metodologia; Economia; Gestão; Finanças
--
[ENG]
Title: "Theory, Practice and Critique of Meta-regression Analysis in Economics and Management"
Abstract
Purpose: This paper aims to present and describe the main available meta-regression models.
Methodology: We reviewed the literature which, starting from the description of the above-mentioned models, went through the presentation of their specificities in the context of empirical research in economics, management and finance, and culminated in the discussion of their main limitations.
Results: We demonstrated that meta-regression analysis is a methodological framework that allows modeling and correcting problems of publication bias while explaining the great variability of results usually found in the economic literature.
Originality/Value: In a succinct but rigorous way, we give precise indications for the practical implementation of this analytical expedient in the context of economics, management and finance.
Keywords: Meta-regression; Meta-analysis; Methodology; Economics; Management; Finance.
Full Text:
PDFReferences
ABDULLAH, A., DOUCOULIAGOS, H. e MANNING, E. (2015) “Does education reduce income inequali¬ty? A meta-regression analysis”, Journal of Economic Surveys, Vol. 29, No. 2, pp. 301-316.
ABREU, M., DE GROOT, H. e FLORAX, R. (2005) “A meta-analysis of β-convergence: The leg-endary 2%”, Journal of Economic Surveys, Vol. 19, No. 3, pp. 389-420.
BECKEN, S. (2011) “A critical review of tourism and oil”, Annals of Tourism Research, Vol. 38, No. 2, pp. 359-379.
BEGG, C. e BERLIN, J. (1988) “Publication bias: A problem in interpreting medical da¬ta”, Journal of the Royal Statistical Society. Series A (Statistics in Society), Vol. 151, No. 3, pp. 419-463.
BELLAVANCE, F., DIONNE, G. e LEBEAU, M. (2009) “The value of a statistical life: A meta-analysis with a mixed effects regression model”, Journal of Health Economics, Vol. 28, No. 2, pp. 444-464.
BENOS, N., ZOTOU, S. (2014) “Education and economic growth: A meta-regression anal¬ysis”, World Development, Vol. 64, pp. 669-689.
BORENSTEIN, M., HEDGES, L., HIGGINS, J. e ROTHSTEIN, H. (2009) Introduction to Meta-Analysis, John Wiley & Sons.
BRUNS, S., GROSS, C. e STERN, D. (2014) “Is there really granger causality between en¬ergy use and output?”, Energy Journal, Vol. 35, No. 4, pp. 101-133.
CALANTONE, R., DI BENEDETTO, C. e BOJANIC, D. (1987) “A comprehensive review of the tourism forecasting literature”, Journal of Travel Research, Vol. 26, No. 2, pp. 28-39.
CAMERON, A. e MILLER, D. (2015) “A practitioner's guide to cluster- robust infer¬ence”, Journal of Human Resources, Vol. 50, No. 2, pp. 317-372.
CARD, D. e KRUEGER, A. (1995) “Time-series minimum-wage studies: A meta-analysis”, Ameri¬can Economic Review, Vol. 85, No. 2, pp. 238-243.
CARD, N. (2012) Applied Meta-Analysis for Social Science Research, Guil¬ford, New York.
CASTRO-NUÑO, M., MOLINA-TOUCEDO, J. e PABLO-ROMERO, M. (2013) “Tourism and GDP: a meta-analysis of panel data studies”, Journal of Travel Research, Vol. 52, No. 6, pp. 745 -758.
COHEN, J. (1988) Statistical Power Analysis for the Behavioral Sciences, 2nd ed., New Jer¬sey: Lawrence Erlbaum Associates.
COOPER, H. (1982) “Scientific guidelines for conducting integrative research reviews”, Review of Educational Research, Vol. 52, No. 2, pp. 291-302.
COOPER, H. (2010) Research synthesis and meta-analysis: A step-by-step approach, 4th ed. Thousand Oaks, CA: Sage.
COOPER, H., PATALL, E. e LINDSAY, J. (2009) “Research Synthesis and meta-analysis”, in L. Bick¬man and D. Rog (eds.) Applied Social Research Methods Handbook, Thousand Oaks, CA: Sage.
CROUCH, G. (1992) “Effect of income and price on international tourism”, Annals of Tourism Research, Vol. 19, No. 4, pp. 643-664.
CROUCH, G. (1994a) “Demand elasticities for short-haul versus long-haul tourism”, Jour¬nal of Travel Research, Vol. 33, No. 2, pp. 2-7.
CROUCH, G. (1994b) “The study of inter¬national tourism demand: A survey of practice” Journal of Travel Research, Vol. 32, No. 4, pp. 41-55.
CROUCH, G. (1995) “A meta-analysis of tourism demand”, Annals of Tourism Research, Vol. 22, No. 1, pp. 103-118.
CROUCH, G.I. (1996) “Demand elasticities in international marketing: A meta-analytical appli-cation to tourism”, Journal of Business Research, Vol. 36, No. 2, pp. 117-136.
DALHUISEN, J., FLORAX, R., DE GROOT, H. e NIJKAMP, P. (2003) “Price and in¬come elasticities of residential water demand: A meta-analysis”, Land Economics, Vol¬. 79, No. 2, pp. 292-308.
DICKERSIN, K. (1990) “The existence of publication bias and risk factors for its occur¬rence”, JAMA: The Journal of the American Medical Association, Vol. 263, No. 10, pp. 1385-1389.
DOBSON, S., RAMLOGAN, C. e STROBL, E. (2006) “Why do rates of β-convergence differ? A meta-regression analysis”, Scottish Journal of Political Economy, Vol. 53, No. 2, pp. 153-173.
DOUCOULIAGOS, C. e LAROCHE, P. (2003a) “Unions and productivity growth: A meta-analytic re¬view”, Advances in the Economic Analysis of Participatory and Labor-Managed Firms, Volume 7, pp. 57-82.
DOUCOULIAGOS, C. e LAROCHE, P. (2003b) “What do unions do to productivity? A meta-analysis”, Industrial Relations, Vol. 42, No. 4, pp. 650-691.
DOUCOULIAGOS, H. e STANLEY, T. (2009) “Publication selection bias in minimum-wage research? A meta-regression analysis”, British Journal of Industrial Relations, Vol. 47, No. 2, pp. 406-428.
DOUCOULIAGOS, H. e ULUBASOGLU, M. (2008) “Democracy and economic growth: A meta-analysis”, American Journal of Political Science, Vol. 52, No. 1, pp. 61-83.
DOUCOULIAGOS, H., LAROCHE, P. e STANLEY, T. (2005) “Publication bias in union-productivity re¬search?”, Relations Industrielles, Vol. 60, No. 2, pp. 320-347+372.
DOUCOULIAGOS, H., PALDAM, M. (2008) “Aid effectiveness on growth: A meta study”, Eu-ropean Journal of Political Economy, Vol. 24, No. 1, pp. 1-24.
DOUCOULIAGOS, H., PALDAM, M. (2011) “The ineffectiveness of development aid on growth: An update”, European Journal of Political Economy, Vol. 27, No. 2, pp. 399-404.
DOUCOULIAGOS, H., PALDAM, M. (2013) “The robust result in meta-analysis of aid effec-tiveness: A response to Mekasha and Tarp”, Journal of Development Studies, Vol. 49, No. 4, pp. 584-587.
EFENDIC, A., PUGH, G. e ADNETT, N. (2011) “Institutions and economic performance: A me-ta-regression analysis”, European Journal of Political Economy, Vol. 27, No. 3, pp. 586-599.
EGGER, M., SMITH, G.D., SCHNEIDER, M. e MINDER, C. (1997) “Bias in meta-analysis detected by a simple, graphical test”, British Medical Journal, Vol. 315, No. 7109, pp. 629-634.
FELD, L. e HECKEMEYER, J. (2011) “FDI and taxation: A meta-study”, Journal of Economic Sur¬veys, Vol. 25, No. 2, pp. 233-272.
FLORAX, R. e DE GROOT, H. (2009) “Meta-Analysis in Economics: An introduction”, disponível em http://www.agecon.purdue.edu/academic/agec63300/ppts/012811_florax.pdf.
GLASS, G. (1976) “Primary, secondary, and meta-analysis of research”, Educational Re-searcher, Vol. 5, No. 10, pp. 3-8.
GLASS, G. (1977) “Integrating findings: The meta-analysis of research”, Review of Research in Education, Vol. 5, No. 1, pp. 351-379.
GLASS, G., MCGAW, B. e SMITH, M. (1981) Meta-Analysis in Social Research, Beverly Hills, CA: SAGE Publications.
GOLDFARB, R. (1995) “The economist-as-audience needs a methodology of plausible infer-ence”, Journal of Economic Methodology, Vol. 2, No. 2, pp. 201-222.
GOLDFARB, R. (1997) “Now you see it, now you don't: emerging contrary results in econom-ics”, Journal of Economic Methodology, Vol. 4, No. 2, pp. 221-244.
GRETZEL, U., KENNEDY-EDEN, H. (2012) “Meta-analyses of tourism research”, in L. Dwyer, A. Gill e N. Seetaram (eds.) Hand¬book of Research Methods in Tourism: Quantitative and Qualitative Approaches, pp. 459-471, Edward Elgar Publishing.
HEADEY, D. e HODGE, A. (2009) “The effect of population growth on economic growth: A meta-regression analysis of the macroeconomic literature”, Population and Devel¬opment Re¬view, Vol. 35, No. 2, pp. 221-248.
HEDGES, L. e OLKIN, I. (1985) Statistical Methods for Meta-Analysis, Academic Press.
HUBER, P. (1967). “The behavior of maximum likelihood estimates under non¬standard condi-tions”, Proceedings of the Fifth Berkeley Symposium on Mathematical Statistics and Probability. pp. 221-233.
HUMPHREYS, R., REIGEL, D. e EPSTEIN, F. (1955) “The editors’ labours: Separating the wheat from the chaff”, Pediatric Neurosurgery, Vol. 22, No. 5, pp. 223-227.
HUNT, M. (1997) How Science Takes Stock: The Story of Meta-Analysis, Russell Sage Founda¬tion.
HUNTER, J., SCHMIDT, F. e HUNTER, R. (1979) “Differential validi¬ty of employment tests by race: A comprehensive review and analysis”, Psychological Bulletin, Vol. 86, No. 4, pp. 721-735.
IAMSIRAROJ, S. e DOUCOULIAGOS, H. (2015) “Does growth attract FDI?”, Economics, Vol. 9, 13 July 2015, 36 p.
IWASAKI, I. e TOKUNAGA, M. (2014) “Macroeconomic impacts of FDI in transition econo-mies: A meta-analysis”, World Development, Vol. 61, pp. 53-69.
KIM, N. e SCHWARTZ, Z. (2013) “The accuracy of tourism forecasting and data characteris-tics: A meta-analytical approach”, Journal of Hospitality Marketing and Management, Vol. 22, No. 4, pp. 349-374.
KLOMP, J. e VALCKX, K. (2014) “Natural disasters and economic growth: A meta-analysis”, Global Environmental Change, Vol. 26, No. 1, pp. 183-195.
KORICHEVA, J. e GUREVITCH, J. (2013) “Place of meta-analysis among other meth¬ods of research synthesis”, in J. Koricheva, J. Gurevitch e K. Mengersen (eds.) Handbook of Meta-analysis in Ecology and Evolution, Princeton University Press.
LIGHT, R. e PILLEMER, D. (1984) Summing Up: The Science of Reviewing Re¬search, Harvard Uni¬versity Press.
MARCUSSEN, C. (2011) “Determinants of tourist spending in cross-sectional studies and at Dan¬ish destinations”, Tourism Economics, Vol. 17, No. 4, pp. 833-855.
MEKASHA, T. e TARP, F. (2013) “Aid and Growth: What Meta-Analysis Reveals”, Journal of De¬velopment Studies, Vol. 49, No. 4, pp. 564-583.
MURPHY, K., MYORS, B. e WOLACH, A. (2014) Statistical Power Analysis: A Simple and General Model for Traditional and Modern Hypothesis Tests, 4th ed. Routledge, New York and London.
NELSON, J. (2010) “What is learned from longitudinal studies of advertising and youth drinking and smoking? A critical assessment”, International Journal of Environmental Research and Public Health, Vol. 7, No. 3, pp. 870-926.
NELSON, J. e KENNEDY, P. (2009) “The use (and abuse) of meta-analysis in environ¬mental and natural resource economics: An assessment”, Environmental and Resource Economics, Vol. 42, No. 3, pp. 345-377.
NEVES, P., AFONSO, Ó. e SILVA, S. (2016) “A meta-analytic reassessment of the effects of ine¬quality on growth”, World Development, Vol. 78, pp. 386-400.
PEARSON, K. (1904) “Report on certain enteric fever inoculation statistics”, British Medical Journal, Vol. 2, pp. 1243-1246.
PENG, B., SONG, H. e CROUCH, G. (2014) “A meta-analysis of international tourism de¬mand forecasting and implications for practice”, Tourism Management, Vol. 45, pp. 181-193.
PENG, B., SONG, H. e CROUCH, G. (2014) “A meta-analysis of international tourism de¬mand forecasting and implications for practice”, Tourism Management, Vol. 45, pp. 181-193.
PETTICREW, M. e ROBERTS, H. (2006) Systematic Reviews in the Social Sciences: A Practical Guide, Oxford, Blackwell Publishing.
ROSENTHAL, R. (1979) “The file drawer problem and tolerance for null results”, Psycho-logical Bulletin, Vol. 86, No. 3, pp. 638-641.
ROSENTHAL, R. (1984) Meta-Analytic Procedures for Social Research, Beverly Hills, CA: Sage.
ROSENTHAL, R. e RUBIN, D. (1978) “Interpersonal expectancy effects: the first 345 studies”, Be¬havioral and Brain Sciences, Vol. 1, No. 3, pp 377- 386.
SCHMIDT, F. e HUNTER, J. (1977) “Development of a general solution to the prob¬lem of validity generalization”, Journal of Applied Psychology, Vol. 62, No. 5, pp. 529-540.
SCHOBER, T. e WINTER-EBMER, R. (2011) “Gender wage inequality and economic growth: Is there really a puzzle? A comment”, World Development, Vol. 39, No. 8, pp. 1476-1484.
SEBRI, M. (2015) “Use renewables to be cleaner: Meta-analysis of the renewable ener¬gy con-sumption-economic growth nexus”, Renewable and Sustainable Energy Reviews, Vol. 42, pp. 657-665.
SEGUINO, S. (2011a) “Gender inequality and economic growth: A reply to Schober and Winter-Ebmer”, World Development, Vol. 39, No. 8, pp. 1485-1487.
SEGUINO, S. (2011b) “Help or hindrance? Religion's impact on gender inequality in atti¬tudes and outcomes”, World Development, Vol. 39, No. 8, pp. 1308-1321.
STANLEY, T. (2001) “Wheat from chaff: Meta-analysis as quantitative literature re¬view”, Jour¬nal of Economic Perspectives, Vol. 15, No. 3, pp. 131-150.
STANLEY, T. (2005) “Beyond publication bias”, Journal of Economic Surveys, Vol. 19, No. 3, pp. 309-345.
STANLEY, T. (2008) “Meta-regression methods for detecting and estimating empirical effects in the presence of publication selection”, Oxford Bulletin of Economics and Sta¬tistics, Vol. 70, No. 1, pp. 103-127.
STANLEY, T. e DOUCOULIAGOS, H. (2012) Meta-regression Analysis in Economics and Busi-ness, Routledge.
STANLEY, T. e JARRELL, S. (1989) “Meta-regression analysis: a quantitative method of literature surveys”, Journal of Economic Surveys, Vol. 3, No. 2, pp. 161-70.
STANLEY, T., DOUCOULIAGOS, H., GILES, M., HECKEMEYER, J., JOHNSTON, R., LAROCHE, P., NELSON, J., PALDAM, M., POOT, J. e PUGH, G. (2013) “Meta-Analysis of Economics Research Reporting Guidelines”, Journal of Economic Surveys, Vol. 27, No. 2, pp. 390-394.
STERLING, T. (1959) “Publication decisions and their possible effects on inferences drawn from tests of significance – Or vice versa”, Journal of the American Statistical Association, Vol. 54, No. 285, pp. 30-34.
STERNE, J. e HARBORD, R. (2004) “Funnel plots in meta-analysis”, The Stata Journal, Vol. 4, Number 2, pp. 127-141.
SUTTON, A., DUVAL, S., TWEEDIE, R., ABRAMS, K. e JONES, D. (2000) “Empirical as¬sessment of effect of publication bias on meta-analyses”, British Medical Journal, Vol. 320, No. 7249, pp. 1574-1577.
TIPTON, E. (2015) “Small sample adjustments for robust variance estimation with meta-regression”, Psychological Methods, Vol. 20, No. 3, pp. 375-393.
UGUR, M. (2014) “Corruption's direct effects on per-capita income growth: a meta-analysis”, Journal of Economic Surveys, Vol. 28, No. 3, pp. 472-490.
WHITE, H. (1980). “A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity”, Econometrica, Vol. 48, No. 4, pp. 817-838.
WOLF, F. (1986) Meta-Analysis: Quantitative Methods for Research Synthesis, Beverly Hills, CA: Sage.
Copyright (c) 2019 European Journal of Applied Business and Management
European Journal of Applied Business and Management
ISSN: 2183-5594
DOI: https://doi.org/10.58869/EJABM
Indexing:
EBSCO | CROSSREF | GOOGLE SCHOLAR | LATINDEX | DRJI | ICI JOURNALS MASTER | REDIB | MIAR
